MARINE ELTECH AS

5593 SKÅNEVIK

Finances

Return on Equity

26,09 %

Current Ratio

15,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 556 000	1 615 000	1 266 000	1 278 000
Net Income	1 410 000	884 000	979 000	581 000
Total Assets	5 769 000	4 338 000	3 406 000	2 406 000
Total Equity	5 404 000	3 994 000	3 110 000	2 131 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 556 000	1 615 000	1 266 000	1 278 000
Expenditure	954 000	1 025 000	911 000	925 000
Operating Profit	601 000	590 000	354 000	352 000
Financial Income	1 102 000	425 000	705 000	307 000
Financial Costs	159 000	0	0	0
Financial Balance	943 000	425 000	705 000	307 000
Earnings Before Tax	1 545 000	1 015 000	1 058 000	659 000
Tax	135 000	131 000	79 000	78 000
Net Income	1 410 000	884 000	979 000	581 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 000	5 000	31 000	61 000
Total Current Assets	5 765 000	4 333 000	3 375 000	2 345 000
Total Assets	5 769 000	4 338 000	3 406 000	2 406 000
Total Retained Equity	5 374 000	3 964 000	3 094 000	2 115 000
Total Equity	5 404 000	3 994 000	3 110 000	2 131 000
Total Long-Term Debt	0	0	0	4 000
Total Current Debt	364 000	344 000	295 000	271 000
Total Equity and Debt	5 769 000	4 338 000	3 406 000	2 406 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 556 000	1 615 000	1 266 000	1 278 000
Other Income	0	0	0	0
Revenue	1 556 000	1 615 000	1 266 000	1 278 000
Cost of Goods Sold	0	0	0	0
Salary Costs	682 000	671 000	632 000	624 000
Depreciation	0	30 000	30 000	30 000
Impairment	0	0	0	0
Expenditure	954 000	1 025 000	911 000	925 000
Operating Profit	601 000	590 000	354 000	352 000
Financial Income	1 102 000	425 000	705 000	307 000
Financial Costs	159 000	0	0	0
Financial Balance	943 000	425 000	705 000	307 000
Dividends	0	0	0	0
Net Income	1 410 000	884 000	979 000	581 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	5 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	30 000	61 000
Total Tangible Assets	0	0	30 000	61 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 000	5 000	31 000	61 000
Stock	0	0	0	0
Total Investments	5 331 000	4 084 000	2 857 000	1 785 000
Cash, Bank	55 000	70 000	274 000	412 000
Total Current Assets	5 765 000	4 333 000	3 375 000	2 345 000
Total Assets	5 769 000	4 338 000	3 406 000	2 406 000
Total Equity	5 404 000	3 994 000	3 110 000	2 131 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	4 000
Creditors	35 000	27 000	40 000	32 000
Unpaid Taxes	112 000	109 000	111 000	98 000
Dividends	0	0	0	0
Other Current Debt	85 000	72 000	62 000	60 000
Total Current Debt	364 000	344 000	295 000	271 000
Total Equity and Debt	5 769 000	4 338 000	3 406 000	2 406 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,09 %	22,13 %	31,48 %	27,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	38,62 %	36,53 %	27,96 %	27,54 %
Current Ratio	15,84	12,6	11,44	8,65
Quick Ratio	15,84	12,6	11,44	8,65
Equity Ratio	0,94	0,92	0,91	0,89
Gross Profit Margin	100 %	100 %	100 %	100 %